Hong Kong April retail sales rise 12.1% y/y as pandemic threat eases

HONG KONG, June 1 (Reuters) - Hong Kong retail sales rose 12.1% in April from a year earlier, the third consecutive month of growth, boosted by an easing coronavirus threat and a low base of comparison early last year.

Sales rose to HK$27 billion ($3.48 billion), government data showed on Tuesday. That was compared with a revised 20.2% surge in March and a 30% rise in February.

In volume terms, retail sales in April increased 10.9% year-on-year, compared with a revised 19.9% surge in the previous month.

($1 = 7.7592 Hong Kong dollars)